Why Should I use a Mortgage Broker?

June 26, 2015 3:26 pm

With the fast evolving ‘online shopping’ experience, you might ask yourself ‘why would I bother using a mortgage broker when I can compare deals myself on the internet?’ Since April 2014, following the Mortgage Market Review, getting a mortgage has become rather more complex.  Lenders are required to be extra vigilant when assessing new applications and are asking detailed questions as part of their underwriting process.  Affordability remains a crucial factor. Meeting lenders criteria is also something often overlooked by borrowers.  Not understanding certain requirements could sometimes result in an... View Article

Tips for Improving your Credit Score

June 15, 2015 3:51 pm

‘Help! My bank has declined my mortgage because of my poor credit score’. As mortgage brokers, this is something we hear all too often. Following the City regulator’s Mortgage Market Review (MMR), lenders are required to be more vigilant when checking a borrower’s spending habits and credit history. There are many ways to prevent your credit score from being a reason to be refused credit. According to a USwitch article in November 2014, more than 30% of UK consumers – the equivalent of 15 million people aged 18 or over... View Article